UK To Invest $19 Billion In Nuclear Power Plant
The UK government plans to invest 14.2 billion pounds (equivalent to $19.3 billion) in the construction of the Sizewell C nuclear power plant to boost energy security, Energy Minister Ed Miliband has said.
“We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis,” Ed Miliband said in a statement, as quoted by Reuters.
Sizewell C is a 3.2 GW nuclear power facility being developed by French EDF.
The project was first announced in 2020 with a price tag of around $25 billion. Since then, however, the price has increased twofold, with the developer citing raw material inflation.
The UK government originally agreed to shoulder 40% of the total cost, along with EDF, with the rest coming from private investors.
The original government share stood at 6.4 billion pounds or $8.7 billion.
According to Reuters, the official statement on the new cash injection did not clarify whether the new sum included the original investment.
Source:https://energynewsafrica.com
South Africa: Eskom Spends R3.76 Billion On Diesel Since 1 April 2025
South Africa’s power utility company, Eskom, has promised to reduce its reliance on diesel-fueled open cycle gas turbines (OCGTs) after spending R3.76 billion on diesel since April 1, 2025.
The company generated 631.52 GWh of electrical energy. “This is higher than the 246.91 GWh generated during the same period last year,” Eskom said in their statement.
The latest data from the power utility shows that Eskom has spent R73 million on diesel per day on average, with the highest amount being an estimated R274 million spent in just one day on April 4, 2025.
With this large spending on diesel, Eskom promised in their statement to reduce their reliance on OCGTs by returning capacity to the grid after long-term repairs.
The power utility reassured the country that the grid remains stable but strained, reiterating their early May 2025 promise of keeping load shedding at Stage 2 at most and at no more than 21 days until the end of winter in August 2025.
However, Eskom’s data shows that the national grid faltered when unplanned outages averaged 15,200 MW over four days between May 31 and June 3, 2025, which exceeded the benchmark set by Eskom of keeping this number between 13,000 MW and 15,000 MW to avoid load shedding.
Last week, Eskom reported that they spent approximately R220 million on diesel in seven days starting on Saturday, May 31, 2025.
Source: https://energynewsafrica.com
Ghana: GOIL Slashes Fuel Prices For Second Time In A Week
Ghana’s largest indigenous petroleum downstream oil marketing company, GOIL, has reduced its petrol and diesel prices for the second time within a week in the first pricing window of June, 2025.
According to the price update issued on Monday, petrol (RON 91) price has been reduced by 14 pesewas from Gh¢12.52 to Gh¢12.38 per liter, while diesel saw a reduction of 10 pesewas from Gh¢12.98 to Gh¢12.88 per liter.
However, the price of petrol (RON 95) remained unchanged.
During the first pricing window in June, GOIL sold petrol (RON 91) at Gh¢12.52 per liter, while petrol (RON 95) was sold at Gh¢14.34 per liter, and diesel was sold at Gh¢12.98 per liter.
In Ghana, fuel prices are reviewed daily by Oil Marketing Companies (OMCs) based on fluctuations in key factors such as exchange rates, cost of refined petroleum products, and inflation. In contrast, fuel prices are reviewed monthly in other parts of Africa.
Since January 2025, Ghana’s currency, the cedi, has appreciated against foreign currencies, particularly the US dollar and pounds.
As of Monday, the interbank exchange rate for a dollar was Gh¢10.255.
On the international market, gasoline is sold at US$690.10 per metric ton, while gasoil is sold at US$617.13 per metric ton, and LPG is sold at US$464.93 per metric ton.
Crude oil prices have been relatively stable, with Brent selling at $67.04 per barrel and WTI sold at $65.33 per barrel as of Monday, June 9, 2025.
Source: https://energynewsafrica.com
Ghana: Moses Asaga Chairs PURC Board
Former Member of Parliament for Nabdam Constituency and former Chief Executive Officer of the National Petroleum Authority (NPA), M. Moses Asaga, has been appointed as the new Board Chairman of the Public Utilities Regulatory Commission (PURC) by President John Dramani Mahama.
He replaces Prof. Thomas Mba Akabzaa, who passed away a few weeks ago.
Asaga was sworn into office by the Chief of Staff, Hon. Julius Debrah, on Monday, June 9, 2025.
During the swearing-in ceremony, Hon. Debrah emphasized the need for transparency in regulating public utilities, urging the new Board and Chairman to uphold the principles of their office.
“We were voted into power to take care of the people’s interest,” Hon. Debrah said.
“His Excellency the President expects the new Board to strengthen PURC’s oversight role in ensuring affordable, reliable, and sustainable utility services.”
Profile of Mr Moses Asaga
Hon. Asaga has a wealth of experience having worked with Daishin Securities & Investments Company, in Seoul, South Korea, as an Economics & Financial Analyst between 1988-1989.
He subsequently joined Ecobank Ghana as Assistant Manager/Senior Financial Analyst in the Capital Markets Department between 1990-1992.
He was headhunted by the Ghana National Petroleum Corporation (GNPC) and appointed as Senior Financial Analyst, Corporate Finance & Counterparty to Chase in London between 1993-1996.
Hon. Asaga gained Managerial skills, executive management leadership skills, boardroom skills, political and economic diplomacy, having served as Chairman of the Board of Ghana Civil Aviation Authority; Board Member, PURC; Board Member, Ghana Commercial Bank, and Board Member, Bank of Ghana
In his political life, Hon. Asaga was a Member of Parliament for Nabdam constituency between 1997-2012 (16 years), Ranking Member for the Parliamentary Select Committee on Mines and Energy, Ranking Member, Chairman of the Parliamentary Select Committee on Finance & Economics.
He was appointed as Minister for Labour & Social Welfare in 2011.
He was appointed as a Deputy Finance Minister, with responsibility for the GRA, Controller, Customs and all revenue agencies, where he was in charge of financial institutions, the banking sector and non-banking financial institutions. At the bilateral level, he was responsible for the African Development Bank, Exim Bank, Arab Bank, DFIs, etc., between 1997-2000. He was also the chairman of the PURC Technical Committee, and was later appointed Chief Executive Officer (CEO) of the National Petroleum Authority, from 2013-2017.
During his tenure as CEO of NPA, he supervised, packaged and managed the successful implementation of the Petroleum Price Deregulation introduced by President John Dramani Mahama in 2015/16.
Hon. Asaga holds a BSc Industrial Chemistry from the University of Science & Technology (UST) Kumasi, MSc Petroleum Geology Reservoir Management, University of Aberdeen, Scotland, MBA Finance, Yonsei University, Seoul, Korea, MPhil Financial Economics, Durham University, UK.
Source: https://energynewsafrica.com
Profile of Mr Moses Asaga
Hon. Asaga has a wealth of experience having worked with Daishin Securities & Investments Company, in Seoul, South Korea, as an Economics & Financial Analyst between 1988-1989.
He subsequently joined Ecobank Ghana as Assistant Manager/Senior Financial Analyst in the Capital Markets Department between 1990-1992.
He was headhunted by the Ghana National Petroleum Corporation (GNPC) and appointed as Senior Financial Analyst, Corporate Finance & Counterparty to Chase in London between 1993-1996.
Hon. Asaga gained Managerial skills, executive management leadership skills, boardroom skills, political and economic diplomacy, having served as Chairman of the Board of Ghana Civil Aviation Authority; Board Member, PURC; Board Member, Ghana Commercial Bank, and Board Member, Bank of Ghana
In his political life, Hon. Asaga was a Member of Parliament for Nabdam constituency between 1997-2012 (16 years), Ranking Member for the Parliamentary Select Committee on Mines and Energy, Ranking Member, Chairman of the Parliamentary Select Committee on Finance & Economics.
He was appointed as Minister for Labour & Social Welfare in 2011.
He was appointed as a Deputy Finance Minister, with responsibility for the GRA, Controller, Customs and all revenue agencies, where he was in charge of financial institutions, the banking sector and non-banking financial institutions. At the bilateral level, he was responsible for the African Development Bank, Exim Bank, Arab Bank, DFIs, etc., between 1997-2000. He was also the chairman of the PURC Technical Committee, and was later appointed Chief Executive Officer (CEO) of the National Petroleum Authority, from 2013-2017.
During his tenure as CEO of NPA, he supervised, packaged and managed the successful implementation of the Petroleum Price Deregulation introduced by President John Dramani Mahama in 2015/16.
Hon. Asaga holds a BSc Industrial Chemistry from the University of Science & Technology (UST) Kumasi, MSc Petroleum Geology Reservoir Management, University of Aberdeen, Scotland, MBA Finance, Yonsei University, Seoul, Korea, MPhil Financial Economics, Durham University, UK.
Source: https://energynewsafrica.com Kenya: Ketraco Energizes New Transmission Line, Boosting Power Supply In South Nyanza
The Kenya Electricity Transmission Company Limited (KETRACO) has successfully energized the Awendo–Isebania (Masaba) Transmission Line, a significant milestone in improving electricity reliability and supply stability across Migori County and the broader South Nyanza region.
The 28-kilometer, 132kV single-circuit line is part of the Kenya Power Transmission Expansion Project (KPTEP), aimed at enhancing access to electricity in underserved regions.
The project includes the construction of a new 132kV substation at Isebania (Masaba) and the extension of the existing 132/33kV Awendo Substation.
The works were executed by China Aerospace Construction Group Co., Ltd (CACGC), with joint financing from the Government of Kenya and the EXIM Bank of China, at a cost of Ksh 1.32 billion. A new bulk supply point at Masaba will directly serve Isebania, Migori, and Kehancha towns.
This strategic upgrade shortens Kenya Power’s distribution lines, significantly reducing the frequency and duration of outages.
The improved power quality will benefit key regional institutions, including the Sony Sugar Factory, Migori County Referral Hospital, Getonyanya Sweet Potatoes Factory, and the Isebania One Border Post.
The energization is expected to spur growth in small businesses, manufacturing, and investment.
KETRACO Managing Director, Dr. Eng. John Mativo, hailed the energization as transformative, stating, “By introducing a new bulk supply point at Masaba, we’re significantly reducing line losses and improving voltage stability.”
The energized line sources electricity from the upgraded Awendo Substation, powered by hydroelectric energy from the Sondu plant and geothermal energy from Olkaria.
Source: https://energynewsafrica.com
This strategic upgrade shortens Kenya Power’s distribution lines, significantly reducing the frequency and duration of outages.
The improved power quality will benefit key regional institutions, including the Sony Sugar Factory, Migori County Referral Hospital, Getonyanya Sweet Potatoes Factory, and the Isebania One Border Post.
The energization is expected to spur growth in small businesses, manufacturing, and investment.
KETRACO Managing Director, Dr. Eng. John Mativo, hailed the energization as transformative, stating, “By introducing a new bulk supply point at Masaba, we’re significantly reducing line losses and improving voltage stability.”
The energized line sources electricity from the upgraded Awendo Substation, powered by hydroelectric energy from the Sondu plant and geothermal energy from Olkaria.
Source: https://energynewsafrica.com South Africa: Africa’s Energy Future: Now!
Powering AI data centres, accelerating large-scale solar projects and leading the global energy transition are just three of the critical topics up for debate at the Africa Energy Forum (aef), kicking off for the first time in Cape Town, South Africa, 17–20 June 2025.
Forum sponsor Sun Africa returns for the third consecutive year, a testament to its sustained commitment to powering Africa’s clean energy future.
Under the theme of ‘Africa United’, and featuring hundreds of ministers, policymakers and executives from nations across the continent, the aef will spotlight the continent’s expanding ambition and the urgent drive to reshape its own energy future.
With South Africa now chairing the G20, the continent will gain a pivotal voice in global decision-making, making aef 2025 the launchpad for a bold message to the world: Africa knows what it needs, and it’s ready to lead.
This year’s aef will welcome a significant number of new companies participating for the first time, expanding the community of innovators and investors at the event.
It will also host delegations from 33 countries, comprising head of state, ministers, regulators, and other public sector leaders from across the continent.
Confirmed speakers include the President of Ghana, John Dramani Mahama, South Africa’s Minister of Electricity & Energy, Dr. Kgosientsho Ramokgopa, Nigeria’s Minister of Power, Adebayo Adelabu and Noureddine Yassaa, Algeria’s Secretary of State for Renewable Energies.
The high-level line-up also feature senior ministers and policy makers from Liberia, Ghana, Malawi, Zambia, Guinea-Bissau, Zimbabwe, Ethiopia and Madagascar.
This year’s aef will focus on how the private sector can help move from ambition to implementation on Mission 300, connecting power to 300 million people by 2030. And, as demand surges from commercial and industrial sectors, the aef will also unpack the infrastructure, investment, and regulatory models needed to keep pace.
Grounded in Ubuntu, the African philosophy of shared humanity, the event will call for a global energy transition that is cooperative, equitable, and Africa-led.
“Something urgent has to be achieved as we simply cannot have another 10 wonderful years of investment into projects. No more [time] can pass with one side saying we “we need guarantees” and the other side saying, “we can’t afford guarantees.” Time is THE DETERMINING FACTOR holding energy access back and this needs to change. Now is the time for Africa to unite behind common goals and common infrastructure!” Simon Gosling, Managing Director, EnergyNet
“The future of African power infrastructure starts with Sun Africa, and the conversation about Africa’s energy future continues at the Africa Energy Forum. We are proud to be the Forum Sponsor of an event that will unite visionaries and unite people from across the continent.” – Adam Cortese, CEO, Sun Africa.
Bringing together community and sport, the 2025 edition of aef also features the Africa Challenge Cup, a special evening of football at Cape Town’s iconic DHL Stadium.
Four teams will face off in friendly matches under the floodlights, offering a chance for delegates, partners, and peers to connect in a spirited, relaxed setting alongside friends and family.
The Youth Energy Summit (YES!), held in parallel with aef, is expected to welcome more than 4,000 participants, making it one of the largest gatherings focused on youth engagement in the African energy sector. Many companies are supporting the initiative not just as sponsors, but as active partners in youth participation across the continent.
These include the DBSA, Nedbank, Pele Green Energy, Seriti Green, Siemens Energy, Genesis, and others from the energy and mining sectors.
Source: https://energynewsafrica.com
Ghana: Ghanaians To Pay ‘Dumsor’ Levy Effective June 16
With effect from June 16, 2025, Ghanaians will pay GH¢1 on a litre of fuel products following the passage of an amended Energy Sector Levies Act, 2025 (Act 1141).
The levy will be charged on petrol, LPG, Marine Gas Oil (foreign), Marine Gas Oil (local) and Heavy Fuel Oil.
The new levy, passed by Parliament under a certificate of urgency, is intended to raise funds to clear debt in the energy sector.
The Ghana Revenue Authority (GRA), in a statement issued on Friday, June 6, announced the implementation of the levy on Monday, June 9, 2025.
However, the Chamber of Oil Marketing Companies (COMAC) has raised concerns over the implementation date, describing the time as too short.
In a strong-worded statement issued by Dr. Riverson Oppong, Chief Executive Officer of COMAC and Industry Co-ordinator, he accused government of approaching the implementation of the levy as if the country is under military regime.
The Chamber has proposed June 16 to enable its members to calibrate their system to factor the new levy.
When this portal contacted a top official of GRA, the official said the commission had agreed to June 16 as proposed by COMAC.
The new levy has been opposed by several interest groups, including the Ghana Private Road Transport (Union), threatening a nationwide strike on Tuesday, June 10.
Source: https://energynewsafrica.com
Zambia: President Dismisses Energy Permanent Secretary Peter Mumba
Zambian President Hakainde Hichilema has terminated the appointment of Peter Mumba as Permanent Secretary for Technical Services in the Ministry of Energy, citing Article 270 of the Zambian Constitution. The reasons for his dismissal have not been disclosed.
In a statement, State House communication specialist Clayson Hamasaka confirmed Mumba’s dismissal, saying, “President Hakainde Hichilema has, pursuant to Article 270 of the Constitution of the Republic of Zambia, terminated the appointment of Mr. Peter Mumba as Permanent Secretary Technical Services in the Ministry of Energy.”
The President thanked Mumba for his service to the Government of Zambia and wished him well in his future endeavors.
Mumba’s successor has not been announced.
Source: https://energynewsafrica.com
Ghana: GEA Appoints PETROSOL CEO Michael Bozumbil To Serve On NDPC And SSNIT Boards
The Chief Executive Officer of Petrosol Platinum Energy Limited, Mr. Michael Bozumbil, has been selected by the Ghana Employers Association to represent Ghanaian employers as a Commissioner of the National Development Planning Commission (NDPC) and member of the Board of Trustees of the Social Security and National Insurance Trust (SSNIT).
The new NDPC Commissioners were recently sworn in by President John Dramani Mahama, while the new SSNIT Board of Trustees were sworn in by Finance Minister Cassiel Ato Forson.
As 1st Vice President of the Ghana Employers’ Association, Mr. Bozumbil has demonstrated exemplary leadership in growing PETROSOL into a respected brand with triple international certifications for quality, safety, and environmental management.
A statement from Petrosol Platinum Energy Limited noted that Mr. Bozumbil’s strategic planning, results-oriented leadership, and commitment to good corporate governance and sustainable business practices will enable him to contribute meaningfully to national development planning and social security scheme sustainability.
The NDPC is a statutory body advising the President on national development policy and strategy, while SSNIT administers Ghana’s Basic National Social Security Scheme, providing income security for workers and retirees.
PETROSOL is a leading privately-owned indigenous energy company, operating primarily as an Oil Marketing Company, with a focus on delivering quality petroleum products through its over 100 fuel stations nationwide.
The company holds triple ISO certification for quality, occupational safety, and environmental management systems, and is highly respected for its tax and regulatory compliance.
Source: https://energynewsafrica.com
The NDPC is a statutory body advising the President on national development policy and strategy, while SSNIT administers Ghana’s Basic National Social Security Scheme, providing income security for workers and retirees.
PETROSOL is a leading privately-owned indigenous energy company, operating primarily as an Oil Marketing Company, with a focus on delivering quality petroleum products through its over 100 fuel stations nationwide.
The company holds triple ISO certification for quality, occupational safety, and environmental management systems, and is highly respected for its tax and regulatory compliance.
Source: https://energynewsafrica.com Ghana: Ghanaians Groan Over ‘Dumsor’ Tax
Ghanaians are opposing the government’s decision to impose a Gh¢1 levy on every liter of fuel, including petrol, diesel, and LPG to settle over $3 billion in energy sector debt.
They are shocked that the government is adding more fuel taxes instead of exploring alternative solutions.
Many have taken to traditional and social media platforms to express objections to the levy, despite President John Dramani Mahama and some of his appointees defending it.
Ghanaians consume over 450 million liters of petrol, diesel, and LPG monthly.
According to National Petroleum Authority data for March 2025, petrol consumption was 232,497,100 liters, diesel consumption was 219,245,300 liters, and LPG consumption was 26,712,272 kilograms.
If the new Gh¢1 tax per liter is implemented, the government would generate over Gh¢450 million monthly.”
Energy sector civil society groups, including the Africa Centre for Energy Policy (ACEP) and the Chamber of Petroleum Consumers, Ghana, have raised concerns about the levy, describing it as a nuisance levy.
The Chamber of Bulk Oil Distributors (CBOD) and the Chamber of Oil Marketing Companies (COMAC) have also objected to the levy.
Commenting on the issue on Accra-based Joy FM, Benjamin Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), said: ‘Slapping an additional Gh¢1 on the consumer seems excessive. Essentially, every time you fill your car, you’re paying almost Gh¢200 to support the energy sector, covering years of inefficiencies. That’s a significant burden on the consumer.’
Mr. Boakye warned that businesses, particularly those with large fleets, would face substantial costs: ‘Companies with fleets would have to pay hundreds of thousands monthly to accommodate this adjustment. It won’t be an easy relief’.
In a statement expressing concern about the new fuel levy, the Chamber of Oil Marketing Companies (COMAC) noted that ‘the cumulative impact of rising taxes, limited margins, and increasing financial obligations threatens the sustainability of many Oil Marketing Companies (OMCs) and Liquefied Petroleum Gas Marketing Companies (LPGMCs) within the sector.’
The chamber warned that a significant number of OMCs/LPGMCs are already debt-burdened, and further fiscal pressure could lead to widespread insolvency, job losses, and broader economic disruption. COMAC emphasized that addressing energy sector debt shouldn’t compromise the downstream petroleum industry’s survival, competitiveness, or consumer protection, especially given structural inefficiencies in the power and electricity sectors.
The Chamber cautioned that rising LPG prices could force low-income households to revert to biomass fuels, undermining the government’s Cylinder Recirculation Model (CRM), public health, and environmental goals. COMAC demanded immediate engagement with the Ministry of Energy and relevant agencies to explore balanced, evidence-based policy solutions.
“We urge the government to collaborate with industry stakeholders to ensure fiscal policy decisions reflect operational realities, protecting business survival, promoting energy equity, and advancing Ghana’s development agenda,’’ COMAC said.
Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, also commented on the new fuel levy, describing it as counterproductive and warning of dire consequences. ‘This move is like creating holes in our pockets and taking whatever you find; it doesn’t help,’ he stated.
Amoah emphasized that efforts should focus on stopping financial losses in the power sector. ‘For me, whatever we need to do to stop the bleeding in the power sector should be our key focus at this point,’ he said.
He noted that the recent fuel price reduction would be rendered meaningless by the levy. ‘We were excited about the fuel price reduction, though we said it was woefully inadequate. But if fuel prices drop by 0.50 pesewas and we now have to pay an additional Gh¢1.00, the relief will be lost.’
Amoah warned that fuel vendors would likely increase prices, undoing any relief: ‘People selling fuel at Gh¢12.52 will now sell at Gh¢13.52. Adding other costs, we’ll be back to the high levels we protested against. With the cedi depreciating, the consequences of this levy will be dire for all of us.’
Source: https://energynewsafrica.com
The Gambia: Unidentified Persons Attack Jambur Solar Plant, Disrupting Operations
Unidentified persons have attacked the recently commissioned Jambur Solar Plant in The Gambia, destroying critical infrastructure and disrupting operations.
According to a statement by the National Electricity and Water Company (NAWEC), 36 panel sets, each consisting of 18 solar panels, were cut and disconnected by the unidentified persons who stormed the plant.
NAWEC’s technical teams are assessing the damage and working on recovery plans to restore the system and prevent future incidents.
Investigations are underway to identify those responsible, and security at the site has been reinforced.
NAWEC condemned the incident, urging Gambians to be vigilant and report suspicious activities around power installations.
“We strongly condemn such acts that undermine national development efforts and urge the public to be vigilant and report any suspicious activities around our installations.
NAWEC remains committed to delivering reliable and sustainable energy for all.
Source: https://energynewsafrica.com
Ghana:Tullow And Partners Sign MoU To Extend Production Licences To 2040
Africa-focused independent oil and gas company Tullow Oil plc and its partners – Kosmos Energy, PetroSA, Ghana National Petroleum Company and Explorco – have signed a memorandum of understanding (MoU) with the Government of Ghana to extend the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licences to 2040, covering the Jubilee and TEN fields in Ghana.
The MoU includes approval to drill up to 20 additional wells in the Jubilee Field, representing an investment of up to $2 billion in Ghana over the life of the licences.
As a result of the extension, the JV partnership expects to realise a material increase in gross 2P reserves.
In a statement copied to energynewsafrica.com, it highlighted that the MoU commits to work to increase in the supply of gas from the Jubilee and TEN fields to c.130 mmscf/d, reduce gas price for Jubilee associated gas and guarantee reimbursement mechanism for gas sales.
The statement mentioned that all terms and conditions of the existing WCTP and DWT petroleum agreements remain in place and continue unchanged.
Following the MoU will be the submission for approval of a Jubilee Plan of Development (PoD) Addendum, entering into new fully termed gas sales agreements (GSA), and the submission for parliamentary approval of the payment security mechanism and licence extensions planned before the end of the third quarter of 2025.
Mr. John Abdulai Jinapor, Ghana’s Minister of Energy and Green Transition, commented: “This memorandum of understanding between the Republic of Ghana and the DWT and WCTP partners marks a significant step forward in our nation’s energy sector. Extending the licences to 2040 demonstrates our commitment to fostering a stable and attractive investment climate. This MoU will not only ensure the continued production of oil, supporting our economic growth, but also allow us to further develop our infrastructure and create more job opportunities for our citizens. We are dedicated to responsible resource management and look forward to a prosperous future fuelled by sustainable energy practices.”
Richard Miller, Chief Financial Officer and Interim Chief Executive Officer of Tullow, said:“This is a valuable step forward for the Government of Ghana, Tullow and our JV partners, highlighting the collaborative and constructive relationship we all have in reaching our shared goal of building a better future for the people of Ghana, through responsible oil and gas development. This extension and the fiscal stability of our contracts emphasise the opportunity Ghana represents to deliver additional value through production and reserves additions, providing greater long-term optionality and materiality to these core assets.”
Andy G. Inglis, Chairman and Chief Executive Officer of Kosmos, stated: “This memorandum of understanding recognises the importance of oil and gas in Ghana and the desire of the new administration to create an attractive environment for new investment in the sector. Extending the Ghana production licences is highly accretive, adding material reserves and enabling the partnership to continue investing in the country for the long-term. This investment is expected to maximise the value of the fields for the benefit of the country’s economic development and Kosmos’ shareholders. We look forward to working with President Mahama and his government to invest in and advance Ghana’s energy sector.”
Source: https://energynewsafrica.com
Tanzania: Clean Cooking Target Of 80% Is Bold, Forward-Looking – EU
The Head of Natural Resources at the European Union Office in Tanzania, Lamine Diallo, has described Tanzania’s target of achieving 80% adoption of clean cooking energy usage by 2034 as a bold and forward-looking ambition.
According to him, the government’s clean cooking awareness vision is essential not only for health and environmental reasons but also for equity, economic opportunity, and national resilience.
He argues that the policy is a national movement aimed at informing, engaging, and inspiring communities, institutions, and families across the country to embrace cleaner, safer, and more sustainable cooking solutions.
The Energy Minister and Deputy Prime Minister, Dr. Doto Mashaka Biteko, recently launched the National Clean Cooking Awareness Campaign and Clean Cooking Communication Strategy Document, urging Tanzanians to adopt clean cooking energy solutions.
Addressing the gathering, Diallo noted that the program is part of a broader €30 million investment by the EU under the Integrated Approach to Sustainable Cooking Solutions, aimed at promoting both clean energy access and sustainable forest resource use.
Despite promising progress in implementing clean cooking in areas like Dar es Salaam, Pwani, Morogoro, Dodoma, and Mwanza, where adoption and awareness are growing, Diallo emphasized that the transition to clean cooking requires a deeper transformation.
“This change must begin at the household level, where cooking choices are made daily,” he stated.
“It must be supported by information, trust, and a belief that this transition brings real benefits.”
Diallo added that when people understand the practical benefits of clean cooking, such as improved health, protection for their children, time and money savings, and reduced environmental impact, true and lasting change can begin.
Diallo called on all stakeholders, including government, private sector, civil society, academia, and development partners, to support the clean cooking awareness campaign to ensure its success.
Source:https://energynewsafrica.com
Addressing the gathering, Diallo noted that the program is part of a broader €30 million investment by the EU under the Integrated Approach to Sustainable Cooking Solutions, aimed at promoting both clean energy access and sustainable forest resource use.
Despite promising progress in implementing clean cooking in areas like Dar es Salaam, Pwani, Morogoro, Dodoma, and Mwanza, where adoption and awareness are growing, Diallo emphasized that the transition to clean cooking requires a deeper transformation.
“This change must begin at the household level, where cooking choices are made daily,” he stated.
“It must be supported by information, trust, and a belief that this transition brings real benefits.”
Diallo added that when people understand the practical benefits of clean cooking, such as improved health, protection for their children, time and money savings, and reduced environmental impact, true and lasting change can begin.
Diallo called on all stakeholders, including government, private sector, civil society, academia, and development partners, to support the clean cooking awareness campaign to ensure its success.
Source:https://energynewsafrica.com Ghana Introduces New Tax On Fuel
The Government of Ghana has introduced a new levy, requiring consumers to pay Gh¢1 per liter on both petrol and diesel purchases at the pump.
The Energy Sector Levy (Amendment) Bill, 2025, passed by Parliament under a certificate of urgency, aims to raise revenue to settle over $3 billion in debt in the country’s power sector.
Finance Minister Dr. Cassiel Ato Forson presented the bill to Parliament, citing the sector’s total debt of $3.1 billion as of March 2025. An estimated $3.7 billion is required to clear arrears, and an additional $1.2 billion is needed for fuel procurement throughout the year.
Dr. Forson assured lawmakers that the levy wouldn’t lead to an immediate fuel price increase, thanks to the Ghana Cedi’s recent strong performance. However, the Minority Caucus strongly opposed the measure, condemning it as an added burden on struggling Ghanaians.
During the approval process, the Minority staged a walkout, arguing that the Majority lacked the necessary quorum. Majority Leader Mahama Ayariga appealed for national support, describing the levy as a “collective sacrifice” to end electricity supply challenges.
The government projects the levy will generate approximately Gh¢5.7 billion in additional annual revenue for debt servicing and fuel procurement.
While the government insists the fiscal measure is necessary for sector stability, the Minority’s walkout highlights deep political divisions.
The bill now awaits Presidential assent before implementation.
Source:https://energynewsafrica.com